Metro Bank puts itself up for sale for ‘next phase of growth’

The beleaguered owner of Poundland is among the parties who have been considering offers for Dune, the British footwear retailer, even as its biggest UK high street asset teeters on the brink of collapse.

The supermarket believes the move is a first in the UK after being widely adopted in the US.

The retailer reported a 30% drop in underlying pre-tax profits to £76 million for the year to August 31.

The high street lender – which has 78 branches across the UK – recently notched up the most profitable half-year in its history.